Share your thoughts and observation in comments session :)
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Supplied information is not advice. -------------------------------------
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ready to go down yet ?
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lets see if the H&S plays out
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that was nicely done. whats' next ?
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another push higher ?
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last push as anticipated
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Typical Wave 4 structure going on, draggy and sideways. Waiting for last push up to start.
XAUUSD GOLD. from the previous 2 counts given, looks like its heading for wave 3 UP now. (usually the strongest). LETS RIDE IT $$$$... patience is the name of this game
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so far so good looks like that's much more UPSIDE for GOLD
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its showing a 5th wave ending diagonal for now. lets see :)
Don't be surprised if Gold pulls a 61.8 retrace, it looks like there might be room for that and not invalidate the count.. They call that the golden ratio for many reasons.
davidchalker
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So price has pushed past the .5 retrace, 61.8 is at 1588 area, so about another 100 north.. Risky area to trade. Be wise. C could be a really brutal wave down to 800. What does your count indicate?
rajeh13
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@davidchalker, let this move complete first, then we see how low is it going. Thanks for your comments.
XAUUSD GOLD. from the previous 2 counts given, looks like its heading for wave 3 UP now. (usually the strongest). LETS RIDE IT $$$$... patience is the name of this game